May 12, 2025

XRP Rallies 26% as Ripple Declares Victory Over SEC After Fine Ruling

1 min read

The price of XRP experienced a significant 26% increase as a New York federal judge neared a resolution in a longstanding securities lawsuit against Ripple Labs. This development was widely regarded as a pivotal moment for the cryptocurrency industry. On August 7, the court directed Ripple Labs to settle a $125 million civil penalty and issued a permanent injunction preventing the company from future violations of U.S. securities laws. This ruling, reported by Cointelegraph, marks a crucial advancement in the case initiated by the Securities and Exchange Commission (SEC) back in December 2020. The surge in XRP’s value followed the

Leave a Reply

Your email address will not be published. Required fields are marked *

You may have missed